Oil (F) 2016-03-16

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Oil 6K – New Contract

38.80

as we see over our previous chart, Market still holding same support zone for the New Contract Oil where support expected to be at 36.00-50 zone where as long as market holding above this zone will expect trading zone between 36.00 – 40.00

above 40.00 market may hold advance toward 42.00 zone while below 35.70 market will send weak signals where a daily close below 35.20 will set the market for drop correction toward 31.00 zone

  Support Resistence
Level 1 37.20 39.10
Level 2 36.00-50 40.20
Level 3 35.20 42.00

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